Third Canal locks produce 50% of toll income

Income from the third set of locks is living up to predictions and is already generating almost half of the Canal toll revenue with the transit of postpanamax ships.

According to the Panama Canal Authority (ACP) , in the first seven months of fiscal year 2019 (ie, from October 1, 2018 to April 30, 2019) the tolls collected by the old structures, which allow the Panamax step, added $802.2 million or 52.5%, while the new locks have produced $723.7 million or 47.4%.

The trend is that the third locks opened in 2016, will become a bigger income generator.